Walker & Dunlop has arranged a $350 million aggregation debt facility with JPMorgan Chase Bank for a self-storage REIT platform sponsored by a joint venture between Centerbridge Partners and Reframe Holdings.
The debt financing provides scalable and flexible capital to support the joint venture’s strategy of acquiring and aggregating over $500 million of existing class A and institutional-quality class B facilities in top metropolitan statistical areas nationwide, using leading third-party property managers to drive asset-level performance and NOI growth. The financing was arranged by Aaron Appel, Jonathan Schwartz, Mo Beler, Michael Brown, Christopher de Raet, and Nicholas Gilhooley of Walker & Dunlop Capital Markets Institutional Advisory. Mo Beler and Jonathan Paine of Walker & Dunlop’s Equity and Structured Finance advised on the formation of the joint venture in late 2025.
“Self-storage valuations have reset meaningfully over the past two years,
